On Our Radar

J.P. Morgan Chase (JPM) reportedly faces another $80 million in fines from U.S. regulators over identify-theft products offered to credit-card customers, representing yet another legal headwind for the largest U.S. bank.

According to The New York Times, regulators are weighing whether the bank duped credit-card customers into signing up for products pitched as a way to protect them from identity theft.

The Office of the Comptroller of the Currency is expected to slap J.P. Morgan with a $60 million fine, while the Consumer Financial Protection Bureau is set to fine the bank about $20 million, the paper reported, adding the fines could come as soon as September.

At the same time, regulators are examining the way J.P. Morgan collected overdue bills from consumers, but it’s not clear if that action will result in any fines, the Times reported.